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Tradeline Financials - Ukraine Crisis Update - Week 32, 2014

Tradeline Financials is an independent, diversified financial services firm catering to all types of investors.

 
PRLog - Aug. 7, 2014 - Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - Ukraine Crisis Update - Week 32, 2014

Yesterday, Vladamir Putin announce that there will be sanctions out of Moscow against the countries currently targeting Russian individuals and companies.

In retaliation to the West's sanction President Putin has suggested sanctions on food imports from both the EU and US. Further details are expected to be released later today but is expected to target fruit and vegetables from Europe and general food imports from the United States.

The Eurozone exports around €2bn worth of fruit and vegetables each year and this is seen as just the first round of sanction Moscow will implement. The US's exports about half that €1bn showing far less exposure.

Following on from Japan, Switzerland has confirmed it too will implement the same sanctions as guided by the EU and will freeze accounts of 87 individuals and 20 companies and restrict their banking abilities. The Swiss's neutrality is historically steadfast and by using the EU list they are avoiding having to standout and are in turn simply following on from Europe's lead.

European markets had a tentative day yesterday and are expected to open lower today as the news filters through and there is potential for profit taking ahead of further increases in tensions in the region.

The UN see's more Russian troops mobilizing on the Ukraine border and latest figures point to 20,000 military being assigned to the area. General consensus is that Russia will not invade however their support to the pro-Russian separatists seems to be growing and the sentiment within Russia is that they are being victimized by the West.

As violence increases, the West will look to support the new Ukrainian government and if the sanctions placed on Russian banking, military and personnel grow, fears that Moscow may close the tap on the natural gas it exports to many of its European neighbors will start to have a major affect on the economy, especially as winter looms and heating becomes a necessity.

Major Indices as of 7th August 2014:

Hang Seng -   24,397.37 -0.76%

Dow Jones -   16,443.34 +0.00%

FTSE 100 -     6,636.16 -0.69%

DAX -          9,130.04 -0.65%

MICEX -         1,334.66 -3.21%

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

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